Mirroring this weakness in existing home sales and mortgage apps, real estate stocks remain the weakest among North American stocks and by a pretty far margin.
25% of real estate stocks are making new 200-day lows. The 2nd worse group is utilities, where only 8% of stocks are making new lows. Overall, 19 of the 24 industries have ZERO stocks making new 200-day lows.
Similarly only 28% of real estate stocks are above their 200-day moving average. Meanwhile, 4 industry groups have EVERY stock over their 200-day moving average
